‘Beneficent’ Democrats: Stop ‘helping’
A recurring theme at the Democrats’ Philadelphia convention was the party’s vow to support and fight for the middle class. Yet these same “progressives” are determined to turn back innovative sharing initiatives that have made a meaningful difference for middle-income earners.
Whereas Sen. Elizabeth Warren spoke of Democrats standing up for the middle class, she (along with Sens. Brian Schatz and Dianne Feinstein) have focused their firepower against the short-term rental startup Airbnb. CNBC reports they are demanding that the Federal Trade Commission investigate whether it’s driving up costs and/or exacerbating housing shortages.
Airbnb insists most of its clients “are middle-class people who depend on home sharing … to make ends meet,” Investor’s Business Daily reports.
Writes Airbnb’s Chris Lehane: “According to a study conducted by former National Economic Council Director Gene Sperling, the typical Airbnb host makes approximately $7,530 by sharing their home 66 days per year.”
With regard to ride-sharing services Uber and Lyft, Ms. Warren, in a May speech, railed against their inherent “dangers,” echoing the party line.
In today’s on-demand “sharing” economy, Democrats focus on protecting deep-pocket political interests, be it unionized hotel workers or taxicab cartels in cities under Democrat administrations. “Progressivism” simply is another word for “protectionism” — in political servitude to the status quo.